This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $81,354 initial cash invested.
-14.65%
Cash On Cash
4%
Cap Rate
0.6
DSCR
$2,501
Rent
-$993
Cashflow
Cash Flow
$2,501 income − $3,494 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,354
Downpayment
20%
$77,480
Closing costs
1%
$3,874
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,501
Total Expenses
$3,494
Mortgage P&I
86%
$2,160
Property Taxes
19%
$473
Home Insurance
5%
$135
HOA
3%
$76
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0